The International Gas Union (IGU) has released its 2019 world LNG report – an annual, in-depth analysis of the current state of the global LNG industry over the past year.
The latest report highlighted 2018 as another strong year for the LNG industry. Global LNG trade set a record for the fifth consecutive year, reaching 316.5 million tonnes (MT), marking a significant increase of 28.2MT, or 9.8% from 2017.
The overall growth in global LNG trade can be attributed primarily to increases in LNG supply – coming from higher production at new liquefaction plants.
The greatest increase in LNG export occurred in Australia, due to new trains coming on-stream and higher utilisation at existing facilities. Other significant contributors to LNG supply for 2018 were the US and Russia.
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